[0IP-30] Provisional measure

Proposal:

This proposal aims at determining the right approach within the context of markets reopening on Polygon Proof-of-Stake for handling the contentious case of 0VIX users having benefited from the exploit through Gotchi Vault (GV).

Motivation:

0IP-24 contained a list of public addresses that profitably extracted excess funds deposited by the exploiter into GV between the time of the attack and GV’s contract pausing. 4 of these addresses belong to 0VIX users.

	Address	Surplus	Approx. 0VIX Holdings at Reopening
Address 1	0x797ef3a808092557c6c54a0fae161fb41a3ccc5e	254’100.00 GHST	15’483 USD
Address 2	0xA709f9904a4E3cF50816609834175446C2246577	293.00 GHST	680 USD
Address 3	0x8E13649613B774Ab67D1C1eDfc22a2202270fD81	2’891.00 GHST	38 USD
Address 4	0x37F06Ba3c23615a8eBccc7F96eF6238A5D446A9f	0.82 GHST	163 USD

Owners of these addresses were asked to reach out to Admins on the 0VIX discord channel. So far only Address 2 did, and is in the process of returning the funds. Address 4 extracted less than $1 worth of $GHST. Given the negligible profit, this address is excluded. The motives of individuals owning the remaining 2 addresses are still unclear and that vote serves also a final notice for them to reach out as communicated previously.

Considering the outcome of 0IP-24 confirming the community deems the attitude of some GV Managers to be reprehensible, in light of the significant amount Address 1 subtracted in total, and given the repeated requests on social media channels not to let this situation go unaddressed, this proposal suggests for the case of Address 1 and 3 to be further analyzed before allowing them to further interact with 0VIX Protocol.

As a provisional measure, it is proposed to burn oTokens held by Addresses 1 and 3 to prevent them from withdrawing funds once markets on Polygon PoS are resumed, and until their motives and the appropriate consequences are identified.

It is proposed to keep the amount of liquidity that would have been added to the markets if these oTokens were not burnt aside in the form of GHST. This will guarantee that their situation can be restored if these two Addresses are cleared. Ultimately, this measure ensures that owners of Address 1 and 3 are not subject to any irreversible and undue sanction while avoiding a potentially unfair and illegal situation to be left untackled.

Finally, it seems necessary to ensure that owners of Addresses 1 and 3 cannot move their oTokens and as a result, render the outcome of this vote partially ineffective. To avoid any discriminatory treatment prior to the vote, all oToken transfers are as of now paused. Furthermore, this measure is also desirable beyond the context of this proposal, as it fully crystallizes the protocol in anticipation of reopening.

Due to the extraordinary nature of this vote and its circumstances, it must carry voter participation abundantly in excess of participation of previous 0IP’s. As such, quorum is set at 150k (3x the quorum threshold of 0IP-23) and the voting time to 7 days.

Details:

Quorum Standards:

• 150,000 preVIX

Voting period:

• 7 days

Vote options:

• Option 1: Burn the oTokens
• Option 2: Do Nothing about It
• Option 3: Further Discussion Needed